Builder's Risk

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Builder's Risk Insurance

Secure Your Construction Projects from Groundbreaking to Completion

We understand the complexities and risks associated with construction projects. Builder’s Risk Insurance, also known as Course of Construction Insurance, is designed to protect your investment in construction from start to finish. This insurance is essential for anyone involved in building or remodeling, whether you are a property owner, general contractor, or developer.


Why Builder’s Risk Insurance?

Construction sites are vulnerable to numerous risks that can significantly impact the project’s timeline and budget. These risks include natural disasters, theft, vandalism, and accidents. Builder’s Risk Insurance provides coverage for buildings under construction, as well as materials, fixtures, and equipment being used in the construction or renovation.



Comprehensive Coverage for Your Construction Needs
Property Damage

Covers damage to the construction site, materials, and equipment from insured perils such as fire, wind, theft, and vandalism.

Soft Costs

Provides coverage for additional expenses incurred due to construction delays, such as loan interest, real estate taxes, and lost sales or rental income.

Testing Coverage

Includes losses due to the testing of machinery and equipment during the construction phase.

Transit and Off-Site Storage

Protects materials in transit to the construction site or stored at off-site locations.


Key Benefits of Builder’s Risk Insurance
Project Security

Protects your financial investment against unexpected events that could otherwise derail the project.

Customizable Coverage

Tailors coverage options to fit the specific needs and risks of your construction project.

Peace of Mind

Provides reassurance that you can recover from financial losses due to damages or delays during construction.


Expert Guidance Through Your Construction Journey

Choosing the right Builder’s Risk Insurance requires understanding the unique aspects of your construction project. Our team at Able Insurance specializes in construction insurance and offers expert guidance to ensure that your policy meets all of your project’s needs. We assist in assessing risks, determining appropriate coverage limits, and understanding policy terms and conditions.

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We Help To Get Solutions

Builders risk insurance is a specialized type of property insurance specifically designed for buildings under construction. It covers the structure and materials used in the construction of the building against loss due to hazards like fire, theft, vandalism, and natural disasters.

Builders risk insurance is necessary for anyone involved in a construction project, including property owners, general contractors, and subcontractors. It's essential for both new construction and major renovations.

While not required by law, many lenders require builders risk insurance before financing construction projects. Additionally, it's often contractually required by parties involved in the construction process.

Ready to get a Quote?

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Ready to discuss your insurance needs?

Contact us today at Able Insurance. Our expert advisors are here to help you find the best coverage and answer any questions you may have.

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